Real Estate
Korea faces commercial vacancy crisis as one in ten properties remain empty
The issue of vacant commercial properties is intensifying nationwide. Even areas that were considered bustling, such as university districts and city halls, are struggling with vacancy problems. One i...
Kim You-jin
Korea faces commercial vacancy crisis as one in ten properties remain empty
Top 10 construction firms improve cost-to-sales ratios despite rising expenses in Korea
The top 10 construction companies are showing an upward trend for the third consecutive year, with the cost of sales (cost-to-sales ratio) exceeding an average of 93% due to rising construction materi...
 
13h ago
|Park ji-youn
Ministry of Land launches committee to investigate Sihansan Line collapse
The Ministry of Land, Infrastructure and Transport announced on the 17th that it will establish and operate a 'Construction Accident Investigation Committee' to identify the cause of the collapse duri...
 
14h ago
|Kim You-jin
Apartment prices in Korea decline for fourth week as sales recover in preferred complexes
As the real estate market stagnates, the wait-and-see sentiment among buyers continues, resulting in a nationwide apartment price decline for the fourth consecutive week. However, the decline has less...
 
16h ago
|Bang Jae-hyuk
Sejong City sees 10% drop in real estate listings amid housing price rise expectations
As the early presidential election and the establishment of the new government have been confirmed, the listings of apartments in Sejong City are disappearing. It is analyzed that homeowners are withd...
 
17h ago
|Jung Hae-yong
Korea includes unlicensed buildings in redevelopment requirements to expedite projects
The Ministry of Land, Infrastructure and Transport announced on the 17th that it will include unlicensed buildings in the designation requirements for redevelopment maintenance areas and will also ref...
 
18h ago
|Bang Jae-hyuk
Daewoo E&C launches applications for Yongin Prugio OneCluster Phase 2 and 3
Daewoo E&C announced on the 17th that it will open a model house for the "Yongin Prugio One Cluster Phase 2 and 3" in Cheoin-gu, Yongin, Gyeonggi Province, on the 18th and will begin full-scale sales....
 
21h ago
|Jo Eun-im
DL E&C bids for 1.7 trillion won residential project in Hannam 5 district
DL E&C submitted a sole bid for the residential redevelopment project in the Hannam 5 district of Yongsan, Seoul, on the 15th. The project, worth 1.7 trillion won, involves creating dwellings, busines...
 
21h ago
|Jung Hae-yong
Kumho Engineering opens Year-Jak Bridge early in Vietnam's Ho Chi Minh City
Kumho Engineering & Construction announced on the 17th that it will temporarily open the "Year-Jak Bridge," connecting Ho Chi Minh City and Dong Nai Province, ahead of schedule. The temporary opening ...
 
21h ago
|Kim You-jin
Samsung C&T launches Four Seasons Exhibition featuring upcycled goods in Seoul
Samsung C&T's construction division announced on the 17th that it will showcase various brand experience programs and upcycled goods with the new seasonal exhibition this year at the Raemian Gallery i...
 
22h ago
|Kim You-jin
Government investigates rising commercial vacancies in Korea’s new towns
The "vacancy bomb" is shaking the commercial and knowledge industry center markets. Properties that were once spotlighted as so-called revenue-generating real estate, such as commercial buildings and ...
2025.04.17(Thu)
|Jung Hae-yong
Eunma Apartment in Daechi-dong approves redevelopment plan for 49-story building
The Eunma Apartment in Daechi-dong, Seoul, which has been promoting redevelopment for 30 years, will be reborn with a maximum of 49 floors and 5,962 units. The association aims to obtain project imple...
2025.04.16(Wed)
|Noh Ja-woon
Korea extends special law against charter fraud by two years to protect victims
The expiration of the special law to support victims of charter fraud will be extended by two years. Just 45 days before the law was set to expire, both ruling and opposition parties agreed to the ext...
2025.04.16(Wed)
|Kim You-jin
Seoul apartment supply plummets 74% in Q1 amid political uncertainty
In the first quarter of this year, the supply of apartments in Seoul has fallen to around 1,000 units, representing a 74% decrease compared to last year. The increase in political uncertainty due to t...
2025.04.16(Wed)
|Park ji-youn
Shin Young's profits soar 40% while DS Networks suffers significant losses
The performances of Shin Young, MDM Group, and DS Networks, the largest developers in the country, greatly diverged last year. Shin Young recorded an operating profit increase of over 40% compared to ...
2025.04.16(Wed)
|Jung Hae-yong
Minister Park Sang-woo leads bid support team to UAE for $50 billion contracts
The Ministry of Land, Infrastructure and Transport announced on the 16th that it will send a bid support team, led by Minister Park Sang-woo, to the United Arab Emirates (UAE) from the 16th to the 19t...
2025.04.16(Wed)
|Kim You-jin
Construction investment risks longest negative growth in Korea since 2010
Construction investment is at risk of undermining the economy's growth rate for the longest period on record. A decade ago, construction investment accounted for a significant portion of economic grow...
2025.04.16(Wed)
|Jo Eun-im
SH Corporation bans sale of allocation and residency rights in Guryong Village
Seoul Housing and Communities Corporation (SH Corporation) announced on the 16th that transactions of allocation rights and residential rights in the urban development area of Gaepo Kuryong Village ar...
2025.04.16(Wed)
|Jo Eun-im
Seoul approves primary school and kindergarten in Hannam District 3 redevelopment
A primary school with 31 classes and an attached kindergarten will be built in the 'Hannam 3 Redevelopment Promotion District.' The Seoul Metropolitan Government announced that it approved a revised p...
2025.04.16(Wed)
|Jo Eun-im
Bando Cultural Foundation Hosts Jeon Mi-jeong's Healing Art Exhibition in Hwaseong
On the 16th, Bando Construction's nonprofit public corporation, the Bando Cultural Foundation, announced it will hold a solo exhibition by art therapist Jeon Mi-jeong for modern individuals weary of d...
2025.04.16(Wed)
|Jo Eun-im
Seoul, Sejong apartment transactions double in March as market rebounds
Last month, the transaction volume of apartments in Seoul and Sejong more than doubled compared to January. On the 16th, Zigbang analyzed the actual transaction prices of the apartment sales market fo...
2025.04.16(Wed)
|Bang Jae-hyuk
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